<SEC-DOCUMENT>0001839882-25-070159.txt : 20251209
<SEC-HEADER>0001839882-25-070159.hdr.sgml : 20251209
<ACCEPTANCE-DATETIME>20251209102821
ACCESSION NUMBER:		0001839882-25-070159
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20251209
DATE AS OF CHANGE:		20251209

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BANK OF NOVA SCOTIA
		CENTRAL INDEX KEY:			0000009631
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		ORGANIZATION NAME:           	02 Finance
		EIN:				134941099
		STATE OF INCORPORATION:			Z4
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-282565
		FILM NUMBER:		251557931

	BUSINESS ADDRESS:	
		STREET 1:		40 TEMPERANCE STREET
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5H 0B4
		BUSINESS PHONE:		(416) 866-3672

	MAIL ADDRESS:	
		STREET 1:		40 TEMPERANCE STREET
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5H 0B4

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANK OF NOVA SCOTIA /
		DATE OF NAME CHANGE:	19970702
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>bns_424b3-40871.htm
<DESCRIPTION>FORM 424B3
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                            <P style="margin-top: 0.0pt; margin-bottom: 0; "><FONT style="font-size: 6.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>PRICING ADDENDUM*</font></FONT></P>
                            <P style="margin-top: 0.0pt; margin-bottom: 0; "><FONT style="font-size: 6.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Dated December 5, 2025 to the</font></FONT></P>
                            <P style="margin-top: 0.0pt; margin-bottom: 0; "><FONT style="font-size: 6.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Pricing Supplement dated November 6, 2025</font></FONT></P>
                            <P style="margin-top: 0.0pt; margin-bottom: 0; "><FONT style="font-size: 6.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Filed Pursuant to Rule 424(b)(3)</font></FONT></P>
                            <P style="margin-top: 0.0pt; margin-bottom: 0; "><FONT style="font-size: 6.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Registration Statement No. 333-282565</font></FONT></P>
                            <P style="margin-top: 0.0pt; margin-bottom: 0; "><FONT style="font-size: 6.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>(To Prospectus dated November 8, 2024, </font></FONT></P>
                            <P style="margin-top: 0.0pt; margin-bottom: 0; "><FONT style="font-size: 6.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Prospectus Supplement dated November 8, 2024,</font></FONT></P>
                            <P style="margin-top: 0.0pt; margin-bottom: 0; "><FONT style="font-size: 6.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Underlier Supplement dated November 8, 2024 and</font></FONT></P>
                            <P style="margin-top: 0.0pt; margin-bottom: 0; "><FONT style="font-size: 6.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Product Supplement dated November 8, 2024)</font></FONT></P>
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                            <P style="margin-top: 0.0pt; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>&nbsp;</font></FONT></P>
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                <P style="margin-top: 0.0pt; margin-bottom: 0; "><FONT style="font-size: 14.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>The Bank of Nova Scotia $3,000,000 Capped In-GEARS</font></FONT><FONT style="font-size: 18.0pt; font-family: Arial, sans-serif; "><BR></FONT><FONT style="font-weight: bold; font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>Linked to the Dow Jones Industrial Average</font></FONT><FONT style="font-weight: bold; vertical-align: super; font-family: Arial, sans-serif; font-size: 7pt; "><font style='white-space: pre-wrap;'>&#174;</font></FONT><FONT style="font-weight: bold; font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'> due April 3, 2031</font></FONT></P>
                <P style="background-color: #5A6F89; margin-top: 0.0pt; margin-bottom: 0; margin-left: 0.00pt; text-indent: -0.00pt; "><!--[if IE]<FONT style="display: inline-block; width: 0.00pt; text-indent: -0.00pt; "><![endif]--><FONT style="display: inline-block; width: 0.00pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; font-weight: bold; color: #FFFFFF; font-size: 9.0pt; "></FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 8.0pt; font-weight: bold; color: #FFFFFF; "><font style='white-space: pre-wrap;'>Investment Description</font></FONT></FONT></P>
                <P style="margin-top: 3.3pt; margin-bottom: 0.0pt; line-height: 1.2; text-align: justify; "><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>The Bank of Nova Scotia Capped In-GEARS (the &#8220;Securities&#8221;) are senior unsecured debt securities issued by The Bank of Nova Scotia (&#8220;BNS&#8221; or the &#8220;issuer&#8221;) linked to the Dow Jones Industrial Average</font></FONT><FONT style="font-family: Arial, sans-serif; font-size: 4pt; vertical-align: super; "><font style='white-space: pre-wrap;'>&#174;</font></FONT><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; "><font style='white-space: pre-wrap;'> (the &#8220;underlying asset&#8221;). The amount you receive at maturity will be based on the &#8220;underlying performance factor&#8221; of the underlying asset, which will equal the final level </font></FONT><FONT style="font-family: Arial, sans-serif; font-style: italic; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>divided by </font></FONT><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>the initial level (expressed as a percentage). The &#8220;initial level&#8221; is the arithmetic average of the closing level of the underlying asset on each trading day during the initial valuation period as determined by the calculation agent and as specified below, and the &#8220;final level&#8221; will be the arithmetic average of the closing level of the underlying asset on each trading day during the final valuation period, each as described further on page P-2 of the accompanying pricing supplement. </font></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 10.29pt; text-indent: -10.29pt; "><!--[if IE]<FONT style="display: inline-block; width: 10.29pt; text-indent: -10.29pt; "><![endif]--><FONT style="display: inline-block; width: 10.29pt; text-indent: 0; text-align: left; font-size: 6.5pt; ">&#9679;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-weight: bold; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>If the underlying performance factor is equal to or greater than 151%</font></FONT><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; "><font style='white-space: pre-wrap;'> (meaning that the underlying performance factor is 151% or more, which equals an increase in the final level of at least 51% from the initial level), BNS will pay you a cash payment per Security at maturity resulting in a return equal to the maximum gain of 83.4512%. </font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 10.29pt; text-indent: -10.29pt; "><!--[if IE]<FONT style="display: inline-block; width: 10.29pt; text-indent: -10.29pt; "><![endif]--><FONT style="display: inline-block; width: 10.29pt; text-indent: 0; text-align: left; font-size: 6.5pt; ">&#9679;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-weight: bold; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>If the underlying performance factor is equal to or greater than 119% and less than 151%</font></FONT><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>, BNS will pay you a cash payment per Security at maturity resulting in a return equal to the sum of (a) 2.0041 </font></FONT><FONT style="font-family: Arial, sans-serif; font-style: italic; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>times</font></FONT><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; "><font style='white-space: pre-wrap;'> the difference between the underlying performance factor and 119%, </font></FONT><FONT style="font-family: Arial, sans-serif; font-style: italic; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>plus </font></FONT><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>(b) 19.32%. </font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 10.29pt; text-indent: -10.29pt; "><!--[if IE]<FONT style="display: inline-block; width: 10.29pt; text-indent: -10.29pt; "><![endif]--><FONT style="display: inline-block; width: 10.29pt; text-indent: 0; text-align: left; font-size: 6.5pt; ">&#9679;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-weight: bold; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>If the underlying performance factor is equal to or greater than 96% and less than 119%</font></FONT><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>, BNS will pay you a cash payment per Security at maturity resulting in a return equal to 0.84 </font></FONT><FONT style="font-family: Arial, sans-serif; font-style: italic; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>times</font></FONT><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; "><font style='white-space: pre-wrap;'> the difference between the underlying performance factor and 96%. </font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 10.29pt; text-indent: -10.29pt; "><!--[if IE]<FONT style="display: inline-block; width: 10.29pt; text-indent: -10.29pt; "><![endif]--><FONT style="display: inline-block; width: 10.29pt; text-indent: 0; text-align: left; font-size: 6.5pt; ">&#9679;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-weight: bold; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>If the underlying performance factor is less than 96% and equal to or greater than 92%</font></FONT><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; "><font style='white-space: pre-wrap;'> (which equals a decrease in the final level by more than 4% but by no more than 8% from the initial level), BNS will pay you a cash payment per Security at maturity that is less than the principal amount, resulting in a percentage loss on your investment in the Securities equal to 2.00 </font></FONT><FONT style="font-family: Arial, sans-serif; font-style: italic; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>times</font></FONT><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; "><font style='white-space: pre-wrap;'> the difference between the underlying performance factor and 96%. You will suffer a loss of 2.00% of your principal amount for each 1% that the underlying performance factor is less than 96%.</font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 10.29pt; text-indent: -10.29pt; "><!--[if IE]<FONT style="display: inline-block; width: 10.29pt; text-indent: -10.29pt; "><![endif]--><FONT style="display: inline-block; width: 10.29pt; text-indent: 0; text-align: left; font-size: 6.5pt; ">&#9679;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>If the underlying performance factor is less than 92%</font></FONT><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>, BNS will pay you a cash payment per Security at maturity that is less than the principal amount, resulting in a percentage loss on your investment in the Securities equal to the percentage that the underlying performance factor is less than 100%. In extreme situations, you could lose all of your investment in the Securities.  </font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 1.2; text-align: justify; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>Investing in the Securities involves significant risks. The Securities do not pay interest. You may lose some or all of your investment in the Securities.</font></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'> </font></FONT><FONT style="font-family: Arial, sans-serif; font-weight: bold; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>The contingent repayment of principal applies only if you hold the Securities to maturity. Any payment on the Securities, including any repayment of principal, is subject to the creditworthiness of BNS. If BNS were to default on its payment obligations you may not receive any amounts owed to you under the Securities and you could lose your entire investment in the Securities. </font></FONT></P>
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                            <P style="background-color: #5A6F89; border-bottom:  0.50pt solid #D39E40; border-top:  0.50pt solid #D39E40; border-left:  0.50pt solid #D39E40; border-right:  0.50pt solid #D39E40; margin-top: 0.0pt; margin-bottom: 0; margin-left: 0.00pt; text-indent: -0.00pt; "><!--[if IE]<FONT style="display: inline-block; width: 0.00pt; text-indent: -0.00pt; "><![endif]--><FONT style="display: inline-block; width: 0.00pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; font-size: 8.0pt; font-weight: bold; color: #FFFFFF; "></FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 8.0pt; font-weight: bold; color: #FFFFFF; "><font style='white-space: pre-wrap;'>Features</font></FONT></FONT></P>
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                            <P style="margin-top: 2.2pt; margin-bottom: 2.2pt; "><FONT style="font-weight: bold; color: #FFFFFF; font-size: 8.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>&nbsp;</font></FONT></P>
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                        <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; ">
                            <P style="background-color: #5A6F89; border-bottom:  0.50pt solid #D39E40; border-top:  0.50pt solid #D39E40; border-left:  0.50pt solid #D39E40; border-right:  0.50pt solid #D39E40; margin-top: 0.0pt; margin-bottom: 0; margin-left: 0.00pt; text-indent: -0.00pt; "><!--[if IE]<FONT style="display: inline-block; width: 0.00pt; text-indent: -0.00pt; "><![endif]--><FONT style="display: inline-block; width: 0.00pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; font-size: 8.0pt; font-weight: bold; color: #FFFFFF; "></FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 8.0pt; font-weight: bold; color: #FFFFFF; "><font style='white-space: pre-wrap;'>Key Dates</font></FONT></FONT></P>
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                            <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.29pt; text-indent: -10.29pt; "><!--[if IE]<FONT style="display: inline-block; width: 10.29pt; text-indent: -10.29pt; "><![endif]--><FONT style="display: inline-block; width: 10.29pt; text-indent: 0; text-align: left; font-size: 6.5pt; ">&#9744;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-weight: bold; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>Exposure</font></FONT><FONT style="font-size: 8.0pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'> to Performance of the Underlying Asset up to the Maximum Gain:</font></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'> If the underlying performance factor is at least 96%, at maturity the Securities will provide a positive return based on the excess of the underlying performance factor over 96% and otherwise as described in the accompanying pricing supplement, subject to the maximum gain.</font></FONT></P>
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                            <P style="margin-top: 3.3pt; margin-bottom: 0; "><FONT style="font-size: 6.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>&nbsp;</font></FONT></P>
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                            <P style="margin-top: 3.3pt; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Initial Valuation Period</font></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; width: 45.48pt; display: inline-block; ">&nbsp;</FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>November</font></FONT><FONT style="font-size: 8.0pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'> 5, 2025 through December 4, 2025 (inclusive)</font></FONT></P>
                            <P style="margin-top: 3.3pt; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Trade Date</font></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; width: 187.28pt; display: inline-block; ">&nbsp;</FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>November</font></FONT><FONT style="font-size: 8.0pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'> 6, 2025</font></FONT></P>
                            <P style="margin-top: 3.3pt; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Settlement Date</font></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; width: 170.65pt; display: inline-block; ">&nbsp;</FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>November</font></FONT><FONT style="font-size: 8.0pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'> 12, 2025</font></FONT></P>
                            <P style="margin-top: 3.3pt; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Final Valuation Period*</font></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; width: 36.57pt; display: inline-block; ">&nbsp;</FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>December</font></FONT><FONT style="font-size: 8.0pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'> 30, 2030 through Final Valuation Date (inclusive)</font></FONT></P>
                            <P style="margin-top: 3.3pt; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Final Valuation Date*</font></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; width: 168.35pt; display: inline-block; ">&nbsp;</FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>March</font></FONT><FONT style="font-size: 8.0pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'> 31, 2031</font></FONT></P>
                            <P style="margin-top: 3.3pt; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Maturity Date*</font></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; width: 197.40pt; display: inline-block; ">&nbsp;</FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>April</font></FONT><FONT style="font-size: 8.0pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'> 3, 2031</font></FONT></P>
                            <P style="margin-top: 3.3pt; text-align: justify; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>* Subject to postponement in the event of a market disruption event, as described in the accompanying pricing </font></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>supplement</font></FONT><FONT style="font-size: 8.0pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>.</font></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; width: 145.20pt; display: inline-block; ">&nbsp;</FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "></FONT></P>
                        </TD>
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                        </TD>
                    </TR>
                    <TR style="vertical-align: top; min-height: 39.60pt; ">
                        <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; ">
                            <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.29pt; text-indent: -10.29pt; "><!--[if IE]<FONT style="display: inline-block; width: 10.29pt; text-indent: -10.29pt; "><![endif]--><FONT style="display: inline-block; width: 10.29pt; text-indent: 0; text-align: left; font-size: 6.5pt; ">&#9744;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-weight: bold; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>Potential</font></FONT><FONT style="font-size: 8.0pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'> for Full Downside Market Exposure: </font></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>If the underlying performance factor is less than 96%, which equals a decrease from the initial level to the final level of more than 4%, BNS will pay you a cash payment per Security at maturity that is less than the principal amount:</font></FONT></P>
                            <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 7.0pt; text-align: justify; margin-left: 13.20pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Times New Roman, Times, serif; font-size: 6.5pt; ">o</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-weight: bold; font-style: italic; font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>If the underlying performance factor is less than 96% but equal to or greater than 92% </font></FONT><FONT style="font-style: italic; font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>(meaning that there is a decrease from the initial level to the final level of more than 4% but equal to or less than 8%)</font></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>, the percentage loss on your investment in the Securities will be equal to 2.00 times the difference between the underlying performance factor and 96%. In this scenario, you will suffer a loss of 2.00% for each 1% that the underlying performance factor is less than 96%.</font></FONT></FONT></P>
                            <P style="margin-top: 1.1pt; margin-bottom: 1.1pt; line-height: 7.0pt; text-align: justify; margin-left: 13.20pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Times New Roman, Times, serif; font-size: 6.5pt; ">o</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-weight: bold; font-style: italic; font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>If the underlying performance factor is less than 92%</font></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'> (meaning that there is a decrease from the initial level to the final level of more than 8%), the percentage loss on your investment will be equal to the percentage that the underlying performance factor is less than 100%. In other words, you will be fully exposed to the negative performance of </font></FONT><FONT style="font-style: italic; font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>the</font></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'> underlying asset from the initial level to the final level and, in extreme situations, you could lose all of your investment in the Securities. The contingent repayment of principal applies only if you hold the Securities to maturity. Any payment on the Securities, including any repayment of principal, is subject to the creditworthiness of BNS.</font></FONT></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; ">
                            <P style="margin-top: 6.6pt; margin-bottom: 6.6pt; "><FONT style="color: #FFFFFF; font-size: 6.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>&nbsp;</font></FONT></P>
                        </TD>
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                        </TD>
                    </TR>
                    <TR style="vertical-align: top; ">
                        <TD colspan="4" style="padding-top: 0.0pt; padding-left: 6.33pt; padding-right: 6.33pt; padding-bottom: 0.0pt; ">
                            <P style="margin-top: 0.0pt; margin-bottom: 2.2pt; text-align: justify; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; font-size: 6.0pt; "><font style='white-space: pre-wrap;'>Notice to investors: the Securities are significantly riskier than conventional debt instruments. The issuer is not necessarily obligated to repay the principal amount of the Securities at maturity, and the Securities may have the same downside market risk as that of an investment in the underlying asset. This market risk is in addition to the credit risk inherent in purchasing a debt obligation of BNS. </font></FONT></P>
                            <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; font-size: 6.0pt; "><font style='white-space: pre-wrap;'>You should carefully consider the risks described under &#8220;Key Risks&#8221; beginning on page P-4 of the accompanying pricing supplement and under &#8220;Additional Risk Factors Specific to the Notes&#8221; beginning on page PS-6 of the accompanying product supplement and &#8220;Risk Factors&#8221; beginning on page S-2 of the accompanying prospectus supplement and on page 8 of the accompanying prospectus. Events relating to any of those risks, or other risks and uncertainties, could adversely affect the market value of, and the return on your Securities. You may lose some or all of your investment in the Securities in the Securities. The Securities will not be listed or displayed on any securities exchange or any electronic communications network.</font></FONT></P>
                        </TD>
                    </TR>
                </TABLE>
                <P style="border-bottom:  0.50pt solid #5A6F89; border-top:  0.50pt solid #5A6F89; border-left:  0.50pt solid #5A6F89; border-right:  0.50pt solid #5A6F89; background-color: #5A6F89; margin-top: 0.0pt; margin-bottom: 0; margin-left: 0.00pt; text-indent: -0.00pt; "><!--[if IE]<FONT style="display: inline-block; width: 0.00pt; text-indent: -0.00pt; "><![endif]--><FONT style="display: inline-block; width: 0.00pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; font-size: 6.0pt; font-weight: bold; color: #FFFFFF; "></FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 8.0pt; font-weight: bold; color: #FFFFFF; "><font style='white-space: pre-wrap;'>Security Offering</font></FONT></FONT></P>
                <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 1.2; text-align: justify; "><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>The return on the Securities is subject to, and will not exceed, the &#8220;maximum gain&#8221; or the corresponding &#8220;maximum payment at maturity&#8221;. The initial level is the arithmetic average of the closing level of the underlying asset on each trading day during the initial valuation period, as determined by the calculation agent. The Securities are offered at a minimum investment of 100 Securities at $10 per Security (representing a $1,000 investment), and integral multiples of $10 in excess thereof. </font></FONT></P>
                <TABLE width="606.27pt" style="margin-left: 0pt; width: 606.27pt; table-layout: fixed; border-collapse: collapse; ">
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                        <TD width="67.54pt" style="width: 67.54pt; border: 0; margin: 0; padding: 0; height: 0; ">
                        </TD>
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                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; vertical-align: bottom; ">
                            <P style="margin-top: 0.0pt; text-align: center; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-weight: bold; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Underlying Asset</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; vertical-align: bottom; ">
                            <P style="margin-top: 0.0pt; text-align: center; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-weight: bold; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Bloomberg Ticker</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; vertical-align: bottom; ">
                            <P style="margin-top: 0.0pt; text-align: center; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-weight: bold; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Maximum Gain</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; vertical-align: bottom; ">
                            <P style="margin-top: 0.0pt; text-align: center; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-weight: bold; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Maximum Payment at Maturity</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; ">
                            <P style="margin-top: 0.0pt; text-align: center; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-weight: bold; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Initial Level</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; vertical-align: bottom; ">
                            <P style="margin-top: 0.0pt; text-align: center; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-weight: bold; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>CUSIP</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; vertical-align: bottom; ">
                            <P style="margin-top: 0.0pt; text-align: center; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-weight: bold; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>ISIN</font></FONT></P>
                        </TD>
                    </TR>
                    <TR style="vertical-align: top; min-height: 3.52pt; ">
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; border-top:  0.50pt solid black; vertical-align: middle; ">
                            <P style="margin-top: 0.0pt; text-indent: 0.0pt; text-align: center; margin-bottom: 0; margin-left: -4.95pt; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Dow Jones Industrial Average</font></FONT><FONT style="font-size: 4pt; vertical-align: super; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>&#174;</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; border-top:  0.50pt solid black; vertical-align: middle; ">
                            <P style="margin-top: 0.0pt; text-indent: 0.0pt; text-align: center; margin-bottom: 0; margin-left: -4.95pt; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>INDU</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; border-top:  0.50pt solid black; vertical-align: middle; ">
                            <P style="margin-top: 0.0pt; text-indent: 0.0pt; text-align: center; margin-bottom: 0; margin-left: -4.95pt; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>83.4512%</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; border-top:  0.50pt solid black; vertical-align: middle; ">
                            <P style="margin-top: 0.0pt; text-indent: 0.0pt; text-align: center; margin-bottom: 0; margin-left: -4.95pt; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>$18.34512 per Security</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; border-top:  0.50pt solid black; vertical-align: middle; ">
                            <P style="margin-top: 0.0pt; text-indent: 0.0pt; text-align: center; margin-bottom: 0; margin-left: -4.95pt; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>47,113.66</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; border-top:  0.50pt solid black; vertical-align: middle; ">
                            <P style="margin-top: 0.0pt; text-indent: 0.0pt; text-align: center; margin-bottom: 0; margin-left: -4.95pt; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>06419E671</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; border-top:  0.50pt solid black; vertical-align: middle; ">
                            <P style="margin-top: 0.0pt; text-indent: 0.0pt; text-align: center; margin-bottom: 0; margin-left: -4.95pt; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>US06419E6712</font></FONT></P>
                        </TD>
                    </TR>
                </TABLE>
                <P style="margin-top: 3.3pt; margin-bottom: 3.3pt; line-height: 1.2; text-align: justify; "><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>The initial estimated value of your Securities as of the trade date was $9.67 per principal amount, which is less than the issue price to public listed below. See &#8220;Additional Information Regarding Estimated Value of the Securities&#8221; and &#8220;Key Risks&#8212; Risks Relating to Estimated Value and Liquidity&#8221; beginning on page P-5 of the accompanying pricing supplement for additional information. The actual value of your Securities at any time will reflect many factors and cannot be predicted with accuracy.</font></FONT></P>
                <P style="margin-top: 0.0pt; margin-bottom: 3.3pt; line-height: 1.2; text-align: justify; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>See &#8220;Additional Information About BNS and the Securities&#8221; herein. The Securities will have the terms set forth in this document, the accompanying pricing supplement dated November 6, 2025 and the accompanying product supplement, prospectus supplement, underlier supplement and prospectus, each dated November 8, 2024.</font></FONT></P>
                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 1.2; text-align: justify; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; font-size: 6.5pt; "><font style='white-space: pre-wrap;'>Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these Securities or passed upon the adequacy or accuracy of this document, the accompanying pricing supplement, product supplement, underlier supplement, prospectus supplement or prospectus. Any representation to the contrary is a criminal offense.</font></FONT></P>
                <P style="margin-top: 0.0pt; margin-bottom: 3.3pt; line-height: 1.2; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>The Securities are not insured by the Canada Deposit Insurance Corporation (the &#8220;CDIC&#8221;) pursuant to the Canada Deposit Insurance Corporation Act (the &#8220;CDIC Act&#8221;) or the U.S. Federal Deposit Insurance Corporation or any other government agency of Canada, the U.S. or any other jurisdiction. The Securities are not bail-inable debt securities under the CDIC Act.</font></FONT></P>
                <TABLE width="600.49pt" style="margin-left: 0pt; width: 600.49pt; table-layout: fixed; border-collapse: collapse; ">
                    <TR>
                        <TD width="184.14pt" style="width: 184.14pt; border: 0; margin: 0; padding: 0; height: 0; ">
                        </TD>
                        <TD width="62.98pt" style="width: 62.98pt; border: 0; margin: 0; padding: 0; height: 0; ">
                        </TD>
                        <TD width="62.98pt" style="width: 62.98pt; border: 0; margin: 0; padding: 0; height: 0; ">
                        </TD>
                        <TD width="62.98pt" style="width: 62.98pt; border: 0; margin: 0; padding: 0; height: 0; ">
                        </TD>
                        <TD width="78.38pt" style="width: 78.38pt; border: 0; margin: 0; padding: 0; height: 0; ">
                        </TD>
                        <TD width="62.98pt" style="width: 62.98pt; border: 0; margin: 0; padding: 0; height: 0; ">
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                        <TD width="86.08pt" style="width: 86.08pt; border: 0; margin: 0; padding: 0; height: 0; ">
                        </TD>
                    </TR>
                    <TR style="vertical-align: top; ">
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; vertical-align: bottom; ">
                            <P style="margin-top: 3.3pt; text-align: center; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; font-weight: bold; "><font style='white-space: pre-wrap;'>Offering of Securities</font></FONT></P>
                        </TD>
                        <TD colspan="2" style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; vertical-align: bottom; ">
                            <P style="margin-top: 3.3pt; text-align: center; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; font-weight: bold; "><font style='white-space: pre-wrap;'>Issue Price to Public</font></FONT></P>
                        </TD>
                        <TD colspan="2" style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; vertical-align: bottom; ">
                            <P style="margin-top: 3.3pt; text-align: center; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; font-weight: bold; "><font style='white-space: pre-wrap;'>Underwriting Discount</font></FONT><FONT style="font-family: Arial, sans-serif; font-size: 4pt; vertical-align: super; font-weight: bold; "><font style='white-space: pre-wrap;'>(1)(2)</font></FONT></P>
                        </TD>
                        <TD colspan="2" style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; vertical-align: bottom; ">
                            <P style="margin-top: 3.3pt; text-align: center; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; font-weight: bold; "><font style='white-space: pre-wrap;'>Proceeds to The Bank of Nova Scotia</font></FONT><FONT style="font-family: Arial, sans-serif; font-size: 4pt; vertical-align: super; font-weight: bold; "><font style='white-space: pre-wrap;'>(1)(2)</font></FONT></P>
                        </TD>
                    </TR>
                    <TR style="vertical-align: top; ">
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; vertical-align: bottom; ">
                            <P style="margin-top: 0.0pt; text-align: center; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; font-weight: bold; "><font style='white-space: pre-wrap;'>&nbsp;</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; vertical-align: bottom; ">
                            <P style="margin-top: 0.0pt; text-align: center; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; font-weight: bold; "><font style='white-space: pre-wrap;'>Total</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; vertical-align: bottom; ">
                            <P style="margin-top: 0.0pt; text-align: center; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; font-weight: bold; "><font style='white-space: pre-wrap;'>Per Security</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; vertical-align: bottom; ">
                            <P style="margin-top: 0.0pt; text-align: center; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; font-weight: bold; "><font style='white-space: pre-wrap;'>Total</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; vertical-align: bottom; ">
                            <P style="margin-top: 0.0pt; text-align: center; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; font-weight: bold; "><font style='white-space: pre-wrap;'>Per Security</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; vertical-align: bottom; ">
                            <P style="margin-top: 0.0pt; text-align: center; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; font-weight: bold; "><font style='white-space: pre-wrap;'>Total</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; vertical-align: bottom; ">
                            <P style="margin-top: 0.0pt; text-align: center; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 6.5pt; font-weight: bold; "><font style='white-space: pre-wrap;'>Per Security</font></FONT></P>
                        </TD>
                    </TR>
                    <TR style="vertical-align: top; ">
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; border-top:  0.50pt solid black; ">
                            <P style="margin-top: 0.0pt; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Securities linked to the Dow Jones Industrial Average</font></FONT><FONT style="font-size: 4pt; vertical-align: super; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>&#174;</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; border-top:  0.50pt solid black; vertical-align: middle; ">
                            <P style="margin-top: 0.0pt; text-align: center; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>$3,000,000.00</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; border-top:  0.50pt solid black; vertical-align: middle; ">
                            <P style="margin-top: 0.0pt; text-align: center; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>$10.00</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; border-top:  0.50pt solid black; vertical-align: middle; ">
                            <P style="margin-top: 0.0pt; text-align: center; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>$7,500.00</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; border-top:  0.50pt solid black; vertical-align: middle; ">
                            <P style="margin-top: 0.0pt; text-align: center; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>$0.025</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; border-top:  0.50pt solid black; vertical-align: middle; ">
                            <P style="margin-top: 0.0pt; text-align: center; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>$2,992,500.00</font></FONT></P>
                        </TD>
                        <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; border-top:  0.50pt solid black; vertical-align: middle; ">
                            <P style="margin-top: 0.0pt; text-align: center; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>$9.975</font></FONT></P>
                        </TD>
                    </TR>
                </TABLE>
                <P style="text-indent: -9.9pt; padding-left: 10.29pt; text-align: justify; margin-top: 2.2pt; margin-bottom: 0; "><FONT style="font-size: 4pt; vertical-align: super; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>(1)</font></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; width: 4.95pt; display: inline-block; ">&nbsp;</FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Scotia</font></FONT><FONT style="font-size: 8.0pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'> Capital (USA) Inc. (&#8220;SCUSA&#8221;), our affiliate, has agreed to purchase the Securities at the principal amount and, as part of the distribution of the Securities, has agreed to sell the Securities to UBS Financial Services Inc. (&#8220;UBS&#8221;) at the discount specified in the table above. See &#8220;Supplemental Plan of Distribution (Conflicts of Interest); Secondary Markets (if any)&#8221; in the accompanying pricing supplement for additional information.</font></FONT></P>
                <P style="text-indent: -9.9pt; padding-left: 10.29pt; text-align: justify; margin-top: 2.2pt; margin-bottom: 0; "><FONT style="font-size: 4pt; vertical-align: super; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>(2)</font></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; width: 4.95pt; display: inline-block; ">&nbsp;</FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>This</font></FONT><FONT style="font-size: 8.0pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'> amount excludes any profits to BNS, SCUSA or any of our other affiliates from hedging. See &#8220;Key Risks&#8221; and &#8220;Supplemental Plan of Distribution (Conflicts of Interest); Secondary Markets (if any)&#8221; in the accompanying pricing supplement for additional considerations relating to hedging activities.</font></FONT></P>
                <P style="text-indent: -9.9pt; padding-left: 10.29pt; text-align: justify; margin-top: 2.2pt; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>*</font></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; width: 5.78pt; display: inline-block; ">&nbsp;</FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>This</font></FONT><FONT style="font-size: 8.0pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'> pricing addendum specifies the initial level for the Securities&#8217; underlying asset and supplements the accompanying pricing supplement dated November 6, 2025 and the accompanying product supplement, underlier supplement, prospectus supplement and prospectus. The Securities have the terms specified in these documents. See &#8220;Additional Information about BNS and the Securities&#8221; herein.</font></FONT></P>
                <P style="margin-top: 0.0pt; text-indent: -4.95pt; padding-left: 10.29pt; text-align: justify; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>&nbsp;</font></FONT></P>
                <P style="margin-top: 0.0pt; margin-bottom: 0; "><FONT style="font-weight: bold; font-size: 10.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Scotia Capital (USA) Inc.</font></FONT><FONT style="font-weight: bold; font-size: 10.0pt; font-family: Arial, sans-serif; width: 346.50pt; display: inline-block; ">&nbsp;</FONT><FONT style="font-weight: bold; font-size: 10.0pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-weight: bold; font-size: 10.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>UBS</font></FONT><FONT style="font-size: 8.0pt; font-family: Arial, sans-serif; "></FONT><FONT style="font-weight: bold; font-size: 10.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'> Financial Services Inc.</font></FONT></P>
            </DIV>
            <DIV style="width: 609.07pt; padding: 0 39.60pt 19.80pt 24.53pt; min-height: 0.00pt; position: relative; ">
            </DIV>
        </DIV>
        <DIV style="page-break-after: always; border-bottom: 1pt solid black; ">
            <P></P>
        </DIV>
        <DIV style="margin: auto; width: 673.20pt; padding: 36pt 0; ">
            <DIV style="width: 594.00pt; padding: 39.60pt 39.60pt 0 39.60pt; min-height: 10.00pt; position: relative; ">
            </DIV>
            <DIV style="width: 594.00pt; padding: 10pt 39.60pt 10pt 39.60pt; position: relative; margin-bottom: 20pt; ">
                <P style="border-bottom:  0.50pt solid #5A6F89; border-top:  0.50pt solid #5A6F89; border-left:  0.50pt solid #5A6F89; border-right:  0.50pt solid #5A6F89; background-color: #5A6F89; margin-top: 0.0pt; margin-bottom: 0; margin-left: 0.00pt; text-indent: -0.00pt; "><!--[if IE]<FONT style="display: inline-block; width: 0.00pt; text-indent: -0.00pt; "><![endif]--><FONT style="display: inline-block; width: 0.00pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; font-weight: bold; color: #FFFFFF; font-size: 9.0pt; "></FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-weight: bold; color: #FFFFFF; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>Additional Information about BNS and the Securities</font></FONT></FONT></P>
                <P style="text-align: justify; margin-top: 6.6pt; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>You should read this document together with the pricing supplement dated November 6, 2025 and the prospectus dated November 8, 2024, as supplemented by the prospectus supplement dated November 8, 2024, the underlier supplement dated November 8, 2024 and the product supplement (Market-Linked Notes, Series A) dated November 8, 2024, relating to our Senior Note Program, Series A, of which these Securities are a part. Capitalized terms used but not defined in this document will have the meanings given to them in the accompanying pricing supplement. </font></FONT></P>
                <P style="text-align: justify; margin-top: 6.6pt; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>The Securities may vary from the terms described in the accompanying prospectus, prospectus supplement, underlier supplement and product supplement in several important ways. You should read this document along with the accompanying pricing supplement carefully, including the documents incorporated by reference herein. In the event of any conflict between this document and any of the foregoing, the following hierarchy will govern: first, this document; second, the accompanying pricing supplement; third, the accompanying product supplement; fourth, the accompanying underlier supplement; fifth, the accompanying prospectus supplement; and last, the accompanying prospectus. You may access these documents on the SEC website at www.sec.gov as follows (or if that address has changed, by reviewing our filings for the relevant date on the SEC website).</font></FONT></P>
                <P style="text-align: justify; margin-top: 6.6pt; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>This document, together with the documents listed below, contains the terms of the Securities and supersedes all prior or contemporaneous oral statements as well as any other written materials including all other prior pricing terms, correspondence, trade ideas, structures for implementation, sample structures, brochures or other educational materials of ours. You should carefully consider, among other things, the matters set forth in &#8220;Key Risks&#8221; in the accompanying pricing supplement, in &#8220;Additional Risk Factors Specific to the Notes&#8221; of the accompanying product supplement and in &#8220;Risk Factors&#8221; of the accompanying prospectus supplement and of the accompanying prospectus, as the Securities involve risks not associated with conventional debt securities. </font></FONT></P>
                <P style="text-align: justify; margin-top: 6.6pt; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>We urge you to consult your investment, legal, tax, accounting and other advisors concerning an investment in the Securities in light of your particular circumstances.</font></FONT></P>
                <P style="margin-top: 6.6pt; margin-bottom: 0; "><FONT style="font-weight: bold; font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>You may access these documents on the SEC website at www.sec.gov as follows:</font></FONT></P>
                <P style="margin-top: 6.6pt; margin-bottom: 0; margin-left: 19.80pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; font-size: 9.0pt; ">&#9830;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>Pricing Supplement dated November 6, 2025:</font></FONT></FONT></P>
                <P style="padding-left: 19.8pt; margin-top: 6.6pt; margin-bottom: 0; "><A href="http://www.sec.gov/Archives/edgar/data/9631/000183988225064482/bns_424b2-37268.htm" style="word-break: break-all; "><FONT style="color: #0000FF; text-decoration-style: solid; text-decoration-line: underline; font-family: Arial, sans-serif; font-size: 9.0pt; "><U><font style='white-space: pre-wrap;'>http://www.sec.gov/Archives/edgar/data/9631/000183988225064482/bns_424b2-37268.htm</font></U></FONT></A><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'> </font></FONT></P>
                <P style="margin-top: 6.6pt; margin-bottom: 0; margin-left: 19.80pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; font-size: 9.0pt; ">&#9830;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>Product Supplement (Market-Linked Notes, Series A) dated November 8, 2024:</font><BR></FONT><A href="http://www.sec.gov/Archives/edgar/data/9631/000183988224038316/bns_424b2-21309.htm" style="word-break: break-all; "><FONT style="color: #0000FF; text-decoration-style: solid; text-decoration-line: underline; font-family: Arial, sans-serif; font-size: 9.0pt; "><U><font style='white-space: pre-wrap;'>http://www.sec.gov/Archives/edgar/data/9631/000183988224038316/bns_424b2-21309.htm</font></U></FONT></A><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'> </font></FONT></FONT></P>
                <P style="margin-top: 6.6pt; margin-bottom: 0; margin-left: 19.80pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; font-size: 9.0pt; ">&#9830;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>Underlier Supplement dated November 8, 2024:</font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; padding-left: 19.8pt; margin-bottom: 0; "><A href="http://www.sec.gov/Archives/edgar/data/9631/000183988224038308/bns_424b2-21314.htm" style="word-break: break-all; "><FONT style="color: #0000FF; text-decoration-style: solid; text-decoration-line: underline; font-family: Arial, sans-serif; font-size: 9.0pt; "><U><font style='white-space: pre-wrap;'>http://www.sec.gov/Archives/edgar/data/9631/000183988224038308/bns_424b2-21314.htm</font></U></FONT></A></P>
                <P style="margin-top: 6.6pt; margin-bottom: 0; margin-left: 19.80pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; font-size: 9.0pt; ">&#9830;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>Prospectus Supplement dated November 8, 2024:</font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; padding-left: 19.8pt; margin-bottom: 0; "><A href="http://www.sec.gov/Archives/edgar/data/9631/000183988224038303/bns_424b3-21311.htm" style="word-break: break-all; "><FONT style="color: #0000FF; text-decoration-style: solid; text-decoration-line: underline; font-family: Arial, sans-serif; font-size: 9.0pt; "><U><font style='white-space: pre-wrap;'>http://www.sec.gov/Archives/edgar/data/9631/000183988224038303/bns_424b3-21311.htm</font></U></FONT></A></P>
                <P style="margin-top: 6.6pt; margin-bottom: 0; margin-left: 19.80pt; text-indent: -19.80pt; "><!--[if IE]<FONT style="display: inline-block; width: 19.80pt; text-indent: -19.80pt; "><![endif]--><FONT style="display: inline-block; width: 19.80pt; text-indent: 0; text-align: left; font-size: 9.0pt; ">&#9830;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>Prospectus dated November 8, 2024:</font><BR></FONT><A href="http://www.sec.gov/Archives/edgar/data/9631/000119312524253771/d875135d424b3.htm" style="word-break: break-all; "><FONT style="color: #0000FF; text-decoration-style: solid; text-decoration-line: underline; font-family: Arial, sans-serif; font-size: 9.0pt; "><U><font style='white-space: pre-wrap;'>http://www.sec.gov/Archives/edgar/data/9631/000119312524253771/d875135d424b3.htm</font></U></FONT></A></FONT></P>
                <P style="text-align: justify; margin-top: 6.6pt; margin-bottom: 0; "><FONT style="font-style: italic; font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>References to &#8220;BNS&#8221;, &#8220;we&#8221;, &#8220;our&#8221; and &#8220;us&#8221; refer only to The Bank of Nova Scotia and not to its consolidated subsidiaries and references to the &#8220;Capped In-GEARS&#8221; or the &#8220;Securities&#8221; refer to the Securities that are offered hereby. Also, references to the &#8220;accompanying pricing supplement&#8221; mean the BNS pricing supplement dated November 6, 2025, references to the &#8220;accompanying product supplement&#8221; mean the BNS product supplement, dated November 8, 2024, references to the &#8220;accompanying underlier supplement&#8221; mean the BNS underlier supplement, dated November 8, 2024, references to the &#8220;accompanying prospectus supplement&#8221; mean the BNS prospectus supplement, dated November 8, 2024 and references to the &#8220;accompanying prospectus&#8221; mean the BNS prospectus, dated November 8, 2024.</font></FONT></P>
                <P style="text-align: justify; margin-top: 6.6pt; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>&nbsp;</font></FONT></P>
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                <P style="text-align: center; margin-top: 6.6pt; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>2</font></FONT></P>
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